Renovating an outdoor space might sound like a daunting project, and it can be. From getting financially prepared to choosing each and every feature, to undergoing a complete renovation, there’s a lot of time and effort to invest. However, don’t let that deter you. Outdoor living spaces have the potential to improve your quality of life, enhance your home value, and so much more, making it an investment worth considering.

Whether you’re on the fence or you’re already in the midst of the process, you should know the pros and cons of renovating any outdoor living space.

Pro: Increased Home Value

Adding a Pinterest-worthy patio, an outdoor kitchen, or simply a seating area in your backyard provides you a return on investment. Should you sell your home down the road, your newly renovated space will get you a higher resale price, making it a wise expense. Plus, it will also make it more appealing to potential buyers, and set your home apart from the rest.

Pro: Enhanced Quality of Life

An outdoor living space allows you the chance to experience luxury on your own property. You and your family are able to spend more quality time together in a space that you’ve designed and created. You can get a vacation experience or a casual siesta for additional relaxation and enjoyment at any time.

Pro: Ample Shade

With our retractable solutions, you can choose a source of shade that suits your specific lifestyle. Whether you install a canopy, roof, or another structure, any you incorporate into your design will protect you from the elements, and allow you to spend more time outdoors, which has a number of proven health benefits in itself. The right structure and design paired with your specific needs can bring comfort and style to your outdoor living space.

Con: Cost

As you know, these spaces cost money, sometimes tens of thousands of dollars, meaning you’ll need to be sure that your finances are ready to commit to a renovation. Do you know what you can afford? Have you saved enough money? Do you already have a handful of other loans to pay off? Calculate the cost of your backyard renovation and weigh it against your current budget to ensure you’re not in over your head.

Con: Financing Requirements

While financing the renovation through a loan is an option, you’ll have to make monthly payments on time for the foreseeable future. If you fall behind, your credit can suffer, which can deter you from securing future financing for other purchases like buying a home. But, find peace in knowing that there are online resources that provide information on the minimum credit score to buy a home, along with simple ways to improve your credit score if you fall short. Learning how to better manage your monthly spending can put you in a better financial position for more home projects.

Con: Lengthy Process

A renovation can take months, which isn’t always ideal for homeowners. Living with or around construction can be frustrating. With the excitement and anticipation of completing your dream backyard space, you will likely find yourself wishing the process would speed up. Plus, professionals will often experience delays that can throw off your original timeline.

Think you’re ready to revamp your backyard? Contact us today to learn all that you can do with your shaded backyard oasis.